Hot search keywords

Hot search keywords

Litecoin Global Roundtable Resolution 001 (2017)

1. This Global LTC Roundtable Meeting is established to remove misunderstandings and promote industrial consensus. Participating members agree to abide by the results of the vote.
2. We agree that protocol upgrade should be made under community consensus, and should not be unilateral action of developers nor miners. We advocate that Litecoin protocol upgrade decision should be made based on the needs of the users, through the roundtable meeting voting process, and activated by miner voting.
3. We do not advocate a flag-day “UASF” that does not go though any users or community voting process. This type of forced upgrade without community consensus put Litecoin in a risk of split. We condemn any illegal aggressive acts like DDoS.
4. Through a voting process, the participating members unanimously agree to the following plan regarding to Litecoin protocol upgrade:
a. To implement Segregated Witness softfork on Litecoin.
b. When the usage of Litecoin block capacity is over 50%, we will start to prepare for a solution to increase the 1MB block size limit through a hardfork or softfork.
Finally, we want to emphasize that this roundtable meeting represents only the consensus of participating members, and cannot make decision on behalf of the Litecoin community. Our goal is to build a more harmonious community and realize long-term healthy growth, and we wish to have the support from the wider community.

The International site of 8btc News (news.8btc.com) is set to bridge the blockchain development between China and abroad. The development of Chinese blockchain industry will be updated regularly to help the Chinese blockchain startups to gain access to the overseas market. Also 8btc is seeking to help foreign blockchain-related projects to grow their business and community in China.